Mohammad Reza Nematzadeh, Minister of Industry, Mine and Trade of Iran applauds during the "Iran-EU conference, Trade and Investment" forum in Vienna, Austria, Thursday, July 23, 2015. (AP Photo/Ronald Zak)
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
Iran expects to rejoin the international electronic payment system SWIFT three months after sanctions imposed on it are lifted and it will also become easier for foreign firms to take part in privatizations in Iran, a senior Iranian official said.Industry Minister Mohammad Reza Nematzadeh also said Iran's foreign reserves total between $115 billion and $125 billion, including assets in its sovereign wealth fund.Nematzadeh also said sanctions relief would smooth the way for foreign companies to take part in planned privatizations of state-owned Iranian companies.In addition, some Iranian government companies and organizations have foreign holdings of about $5 billion to $10 billion, Nematzadeh said.U.S. officials have said over $100 billion of Iranian assets abroad are currently frozen by the sanctions, but deputy central bank Governor Akbar Komijani disputed that Thursday.
FOLLOW THIS ARTICLE